Elastic N.V. Financials
Elastic N.V. (ESTC) reported $1.7B in revenue for fiscal year 2026, up 17.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Cash-generative growth is now carrying Elastic’s operations, while reported earnings are heavily influenced by a large tax benefit.
The headline profit is tax-driven: a$370M tax benefit turned a$33M operating loss into positive reported earnings. Operating cash flow reached$327M against net income of$368M , so cash generation is genuine, but the income statement overstates the strength of the underlying operating result.
Revenue expanded
Equity rose to
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Elastic N.V.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Elastic N.V. has an operating margin of -1.9%, meaning the company loses $2 on every $100 of revenue. This results in a profitability score of 34/100. This is up from -3.7% the prior year.
Elastic N.V.'s revenue surged 17.3% year-over-year to $1.7B, reflecting rapid business expansion. This strong growth earns a score of 78/100.
Elastic N.V. has a moderate D/E ratio of 0.45. This balance of debt and equity financing earns a leverage score of 62/100.
Elastic N.V.'s current ratio of 1.68 indicates adequate short-term liquidity, earning a score of 48/100. The company can meet its near-term obligations, though with limited headroom.
Elastic N.V. converts 18.5% of revenue into free cash flow ($321.8M). This strong cash generation earns a score of 82/100.
Elastic N.V.'s ROE of 28.8% shows moderate profitability relative to equity, earning a score of 32/100. This is up from -11.7% the prior year.
Elastic N.V. scores 3.33, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($8.8B) relative to total liabilities ($1.9B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Elastic N.V. passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Elastic N.V. generates $0.89 in operating cash flow ($326.9M OCF vs $367.8M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Elastic N.V. reported an operating loss of $33.5M against $25.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Elastic N.V. generated $1.7B in revenue in fiscal year 2026. This represents an increase of 17.3% from the prior year.
Elastic N.V.'s EBITDA was -$21.7M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 49.1% from the prior year.
Elastic N.V. reported $367.8M in net income in fiscal year 2026. This represents an increase of 440.2% from the prior year.
Elastic N.V. earned $3.43 per diluted share (EPS) in fiscal year 2026. This represents an increase of 429.8% from the prior year.
Cash & Balance Sheet
Elastic N.V. generated $321.8M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 22.9% from the prior year.
Elastic N.V. held $768.7M in cash against $570.9M in long-term debt as of fiscal year 2026.
Not reported for fiscal year 2026.
Margins & Returns
Elastic N.V.'s gross margin was 76.1% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 1.7 percentage points from the prior year.
Elastic N.V.'s operating margin was -1.9% in fiscal year 2026, reflecting core business profitability. This is up 1.8 percentage points from the prior year.
Elastic N.V.'s net profit margin was 21.1% in fiscal year 2026, showing the share of revenue converted to profit. This is up 28.4 percentage points from the prior year.
Elastic N.V.'s ROE was 28.8% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 40.5 percentage points from the prior year.
Capital Allocation
Elastic N.V. invested $451.9M in research and development in fiscal year 2026. This represents an increase of 23.6% from the prior year.
Elastic N.V. spent $340.1M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding.
Elastic N.V. invested $5.1M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 17.2% from the prior year.
ESTC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.7B+17.3% | $1.5B+17.0% | $1.3B+18.6% | $1.1B+24.0% | $862.4M+41.7% | $608.5M+42.3% | $427.6M+57.4% | $271.7M+69.9% | $159.9M+81.4% | $88.2M |
| Cost of Revenue | $416.3M+9.6% | $379.9M+15.1% | $330.1M+11.3% | $296.6M+27.7% | $232.2M+44.2% | $161.1M+31.3% | $122.7M+57.3% | $78.0M+91.5% | $40.7M+105.3% | $19.8M |
| Gross Profit | $1.3B+19.9% | $1.1B+17.7% | $937.2M+21.3% | $772.4M+22.6% | $630.2M+40.8% | $447.4M+46.7% | $304.9M+57.5% | $193.6M+62.5% | $119.2M+74.4% | $68.3M |
| R&D Expenses | $451.9M+23.6% | $365.8M+7.0% | $342.0M+9.1% | $313.5M+14.5% | $273.8M+37.4% | $199.2M+20.5% | $165.4M+63.5% | $101.2M+81.8% | $55.6M+70.7% | $32.6M |
| SG&A Expenses | $194.4M+11.0% | $175.2M+9.1% | $160.6M+12.1% | $143.2M+16.0% | $123.4M+18.9% | $103.8M+13.3% | $91.6M+96.9% | $46.5M+60.8% | $28.9M+10.1% | $26.3M |
| Operating Income | -$33.5M+39.0% | -$54.9M+57.7% | -$129.9M+40.7% | -$219.2M-26.2% | -$173.7M-34.1% | -$129.5M+24.3% | -$171.1M-68.8% | -$101.4M-111.2% | -$48.0M-1.7% | -$47.2M |
| Interest Expense | $25.1M-0.7% | $25.3M-3.2% | $26.1M+3.9% | $25.2M+21.4% | $20.7M+11097.8% | $185K | $0 | N/A | N/A | N/A |
| Income Tax | -$370.1M-583.5% | $76.5M+141.5% | -$184.5M-1056.6% | $19.3M+218.3% | $6.1M-21.5% | $7.7M+492.3% | -$2.0M-144.8% | $4.4M+30.0% | $3.4M-19.9% | $4.2M |
| Net Income | $367.8M+440.2% | -$108.1M-275.2% | $61.7M+126.1% | -$236.2M-15.9% | -$203.8M-57.5% | -$129.4M+22.6% | -$167.2M-63.4% | -$102.3M-94.0% | -$52.7M-1.5% | -$52.0M |
| EPS (Diluted) | $3.43+429.8% | -$1.04-276.3% | $0.59+123.9% | -$2.47-12.3% | -$2.20-48.6% | -$1.48+30.2% | -$2.12 | N/A | N/A | N/A |
ESTC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.2B+21.6% | $2.6B+15.6% | $2.2B+28.6% | $1.7B+6.1% | $1.6B+68.8% | $973.2M+21.1% | $803.9M+65.5% | $485.7M+165.4% | $183.0M | N/A |
| Current Assets | $2.0B+4.8% | $1.9B+26.1% | $1.5B+20.1% | $1.3B+9.5% | $1.2B+82.6% | $637.2M+32.7% | $480.2M+11.8% | $429.6M+224.9% | $132.2M | N/A |
| Cash & Equivalents | $768.7M+5.7% | $727.5M+34.6% | $540.4M-16.1% | $644.2M-25.2% | $860.9M+114.8% | $400.8M+34.9% | $297.1M-0.3% | $298.0M+485.0% | $50.9M | N/A |
| Accounts Receivable | $464.4M+23.6% | $375.6M+16.3% | $323.0M+23.8% | $260.9M+21.2% | $215.2M+34.2% | $160.4M+24.7% | $128.7M+58.3% | $81.3M+52.7% | $53.2M | N/A |
| Goodwill | $356.4M+11.6% | $319.4M0.0% | $319.4M+5.2% | $303.6M-0.1% | $303.9M+52.8% | $198.9M+0.5% | $197.9M+897.1% | $19.8M+3.5% | $19.2M+59.1% | $12.1M |
| Total Liabilities | $1.9B+12.6% | $1.7B+10.7% | $1.5B+11.9% | $1.3B+9.5% | $1.2B+135.0% | $522.3M+33.8% | $390.3M+75.2% | $222.7M-33.8% | $336.5M | N/A |
| Current Liabilities | $1.2B+19.5% | $1.0B+15.7% | $871.1M+21.6% | $716.6M+20.8% | $593.3M+31.8% | $450.0M+35.1% | $333.1M+63.6% | $203.6M+62.7% | $125.1M | N/A |
| Long-Term Debt | $570.9M+0.2% | $569.7M+0.2% | $568.6M+0.2% | $567.5M+0.2% | $566.5M | $0 | N/A | N/A | N/A | N/A |
| Total Equity | $1.3B+37.7% | $927.2M+25.6% | $738.2M+85.1% | $398.9M-4.0% | $415.4M-7.9% | $450.8M+9.0% | $413.6M+57.3% | $263.0M+271.3% | -$153.5M-19.4% | -$128.5M |
| Retained Earnings | -$732.0M+33.4% | -$1.1B-10.9% | -$991.6M+5.9% | -$1.1B-28.9% | -$817.2M-33.2% | -$613.3M-26.7% | -$484.3M-52.7% | -$317.1M-47.6% | -$214.8M | N/A |
Not reported in any period shown, so not listed: Inventory.
ESTC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $326.9M+22.8% | $266.2M+78.9% | $148.8M+317.1% | $35.7M+528.7% | $5.7M-74.8% | $22.5M+173.8% | -$30.6M-27.7% | -$23.9M-15.0% | -$20.8M-29.3% | -$16.1M |
| Capital Expenditures | $5.1M+17.2% | $4.3M+25.9% | $3.5M+28.5% | $2.7M+8.0% | $2.5M-36.5% | $3.9M-22.7% | $5.1M+46.9% | $3.4M+16.1% | $3.0M+252.1% | $843K |
| Free Cash Flow | $321.8M+22.9% | $261.8M+80.2% | $145.3M+340.6% | $33.0M+934.8% | $3.2M-82.9% | $18.6M+152.3% | -$35.6M-30.1% | -$27.4M-15.1% | -$23.8M-40.3% | -$16.9M |
| Investing Cash Flow | $26.1M+122.0% | -$118.7M+58.8% | -$288.0M-5.5% | -$273.0M-114.5% | -$127.3M-8284.1% | -$1.5M+94.8% | -$29.2M-252.4% | -$8.3M-199.4% | $8.3M+141.0% | -$20.3M |
| Financing Cash Flow | -$312.3M-862.6% | $40.9M+2.2% | $40.1M+129.3% | $17.5M-97.1% | $602.1M+679.4% | $77.3M+32.0% | $58.5M-79.2% | $281.8M+8122.6% | $3.4M-94.3% | $59.8M |
| Share Buybacks | $340.1M | $0 | $0 | N/A | N/A | N/A | $0 | $0-100.0% | $344K+1276.0% | $25K |
Not reported in any period shown, so not listed: Dividends Paid.
ESTC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 76.1%+1.7pp | 74.4%+0.4pp | 74.0%+1.7pp | 72.3%-0.8pp | 73.1%-0.4pp | 73.5%+2.2pp | 71.3%0.0pp | 71.3%-3.2pp | 74.5%-3.0pp | 77.5% |
| Operating Margin | -1.9%+1.8pp | -3.7%+6.6pp | -10.3%+10.3pp | -20.5%-0.4pp | -20.1%+1.1pp | -21.3%+18.7pp | -40.0%-2.7pp | -37.3%-7.3pp | -30.0%+23.5pp | -53.5% |
| Net Margin | 21.1%+28.4pp | -7.3%-12.2pp | 4.9%+27.0pp | -22.1%+1.5pp | -23.6%-2.4pp | -21.3%+17.8pp | -39.1%-1.4pp | -37.7%-4.7pp | -33.0%+26.0pp | -58.9% |
| Return on Equity | 28.8%+40.5pp | -11.7%-20.0pp | 8.4%+67.6pp | -59.2%-10.1pp | -49.1%-20.4pp | -28.7%+11.7pp | -40.4%-1.5pp | -38.9% | N/A | N/A |
| Return on Assets | 11.7%+15.8pp | -4.2%-6.9pp | 2.8%+16.3pp | -13.6%-1.1pp | -12.4%+0.9pp | -13.3%+7.5pp | -20.8%+0.3pp | -21.1%+7.8pp | -28.8% | N/A |
| Current Ratio | 1.68-0.2x | 1.92+0.2x | 1.760.0x | 1.78-0.2x | 1.96+0.5x | 1.420.0x | 1.44-0.7x | 2.11+1.1x | 1.06 | N/A |
| Debt-to-Equity | 0.45-0.2x | 0.61-0.2x | 0.77-0.7x | 1.42+0.1x | 1.36+1.4x | 0.00-0.9x | 0.94+0.1x | 0.85 | N/A | N/A |
| FCF Margin | 18.5%+0.9pp | 17.6%+6.2pp | 11.5%+8.4pp | 3.1%+2.7pp | 0.4%-2.7pp | 3.1%+11.4pp | -8.3%+1.8pp | -10.1%+4.8pp | -14.9%+4.4pp | -19.2% |
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Where Elastic N.V. Ranks
Frequently Asked Questions
What is Elastic N.V.'s annual revenue?
Elastic N.V. (ESTC) reported $1.7B in total revenue for fiscal year 2026. This represents a 17.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Elastic N.V.'s revenue growing?
Elastic N.V. (ESTC) revenue grew by 17.3% year-over-year, from $1.5B to $1.7B in fiscal year 2026.
Is Elastic N.V. profitable?
Yes, Elastic N.V. (ESTC) reported a net income of $367.8M in fiscal year 2026, with a net profit margin of 21.1%.
What is Elastic N.V.'s EBITDA?
Elastic N.V. (ESTC) had EBITDA of -$21.7M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Elastic N.V. have?
As of fiscal year 2026, Elastic N.V. (ESTC) had $768.7M in cash and equivalents against $570.9M in long-term debt.
What is Elastic N.V.'s gross margin?
Elastic N.V. (ESTC) had a gross margin of 76.1% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Elastic N.V.'s operating margin?
Elastic N.V. (ESTC) had an operating margin of -1.9% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Elastic N.V.'s net profit margin?
Elastic N.V. (ESTC) had a net profit margin of 21.1% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Elastic N.V.'s return on equity (ROE)?
Elastic N.V. (ESTC) has a return on equity of 28.8% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Elastic N.V.'s free cash flow?
Elastic N.V. (ESTC) generated $321.8M in free cash flow during fiscal year 2026. This represents a 22.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Elastic N.V.'s operating cash flow?
Elastic N.V. (ESTC) generated $326.9M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Elastic N.V.'s total assets?
Elastic N.V. (ESTC) had $3.2B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Elastic N.V.'s capital expenditures?
Elastic N.V. (ESTC) invested $5.1M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Elastic N.V. spend on research and development?
Elastic N.V. (ESTC) invested $451.9M in research and development during fiscal year 2026.
What is Elastic N.V.'s current ratio?
Elastic N.V. (ESTC) had a current ratio of 1.68 as of fiscal year 2026, which is generally considered healthy.
What is Elastic N.V.'s debt-to-equity ratio?
Elastic N.V. (ESTC) had a debt-to-equity ratio of 0.45 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Elastic N.V.'s return on assets (ROA)?
Elastic N.V. (ESTC) had a return on assets of 11.7% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Elastic N.V.'s Altman Z-Score?
Elastic N.V. (ESTC) has an Altman Z-Score of 3.33, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Elastic N.V.'s Piotroski F-Score?
Elastic N.V. (ESTC) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Elastic N.V.'s earnings high quality?
Elastic N.V. (ESTC) has an earnings quality ratio of 0.89x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Elastic N.V. cover its interest payments?
Elastic N.V. (ESTC) reported an operating loss of $33.5M against $25.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Elastic N.V.?
Elastic N.V. (ESTC) scores 56 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.